Online forms: New Supply Shared Equity Application Form

Please make sure you have all the information below to hand so you can submit it with/at the same time as your application form.  This information MUST be provided to allow us to assess your application.  Any missing information will result in the assessment of your application being delayed. 

We strongly recommend that you click on the 'Register' link above and create an account. This will allow your progress to be saved as you complete the form.

The form will time out if it is not completed within 10 minutes. If you have not registered for an account, all of the information you have entered will be lost and you will have to start the form again. 

Please do not send any paper by post as it will not be opened. All supporting information MUST be uploaded with your application or emailed to: sales@linksharedequity.co.uk

Application Help Notes

Please take a few minutes to read over these help notes. To help us process your application as quickly as possible, please ensure you send copies of the documents we need. There are two ways you can submit your documentation to us.

1) You can upload up to 8 separate documents as part of this online form.

2) You can email your documents through to sales@linksharedequity.co.uk.  Please note the largest file size we can accept is 25MB. If your documents exceed this, please send them through in separate emails.

If your partner will be residing with you as part of the household, their details MUST be provided as second applicant on the applicant form and relevant evidence provided. This also applies even if your mortgage will only be in one name.  The same will apply for other adults who will be permanently residing in the new home, such as parents, siblings, other relatives or friends.

If you are an IFA completing this for your client, you will be asked to upload a signed mandate with the supporting documents. 

Wages & income

For people applying over the age of 60 who do not intend to take a mortgage the following will not be required. We need to verify your total household income. This includes your partner (if you have one). For this we need copies of your last 3 monthly payslips, or last 12 if you are weekly paid. If you are self employed please provide a copy of your self assessment billing notice or receipt for the last financial year. If you receive any benefit payments (for example Working Family Tax Credit or Jobseeker’s Allowance) please provide a copy of your current award notice.

Savings  

Please provide copies of bank statements or similar confirming any savings you have – this includes premium bonds, shares, ISAs or other savings accounts or note on the form any cash amounts you have or will receive from relatives for example. For people applying over the age of 60 who are selling a property they currently own, we will also require proof of any equity that has or will be received from the sale of the property.

Present accommodation

Please provide a copy of your tenancy agreement or lease. If you stay with a friend or relative please provide a letter from that person confirming you are resident at that address. If you own your current home and have a need to move to more suitable accommodation due to a disability, please provide details of its present value from your estate agent if it is on the market. We also need to see how much is outstanding with a redemption statement from your current lender.

We require details of why your present home is unsuitable, therefore please provide a letter from a health care professional (such as a doctor or occupational therapist) stating why your current home is unsuitable.

Mortgage offers

For people applying over the age of 60 who do not intend to take a mortgage the following will not be required. Before applying, you need to know how much you may be able to obtain from a lender. Most lenders will require a deposit and you will therefore need sufficient savings in order to supply this. The deposit is usually a minimum of 5 percent of the mortgage you are taking. Please make sure you receive good independent financial advice when applying to the scheme as lending criteria’s may differ between the different lenders.

Please provide us with a copy of your mortgage offer in principle. Please be aware that you should not get offers for all three as this may adversely affect your credit score.                                                   

Your email address

To allow us to send you an acknowledgement that we have received your application form, please provide your personal email address.  We will also us this address to correspond with you during the assessment process.  This email address should be for the applicant and not your financial advisor or Solicitors.

Further information

If you require any further information please contact us on 01324 417135 or by email at sales@linksharedequity.co.uk. Further information is also available on the Scottish Government’s website: http://www.gov.scot/LIFT.